GE Vernova LLC (GEV)
Activity ratios
Short-term
Turnover ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | |
|---|---|---|---|
| Inventory turnover | 3.93 | 3.85 | — |
| Receivables turnover | — | — | — |
| Payables turnover | — | — | — |
| Working capital turnover | — | — | — |
Based on the provided data, we can see that GE Vernova LLC has relatively stable inventory turnover ratios for the years ending December 31, 2023, and December 31, 2022, with values of 3.93 and 3.85, respectively. This indicates that the company is efficiently managing its inventory levels and turning over its inventory approximately 3.93 times in 2023 and 3.85 times in 2022 during the year.
However, without data for receivables turnover, payables turnover, and working capital turnover, we are unable to provide a comprehensive analysis of the company's overall activity ratios for the three years. Receivables turnover would have provided insights into how quickly the company collects its accounts receivable, payables turnover would have indicated how effectively the company manages its accounts payable, and working capital turnover would have given an indication of how efficiently the company is utilizing its working capital.
In the absence of this additional data, it is recommended to gather information on these ratios to gain a more holistic view of GE Vernova LLC's operational efficiency and effectiveness in managing its working capital cycle.
Average number of days
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 92.93 | 94.69 | — |
| Days of sales outstanding (DSO) | days | — | — | — |
| Number of days of payables | days | — | — | — |
Based on the data provided for the activity ratios of GE Vernova LLC:
- The days of inventory on hand (DOH) decreased from 94.69 days in 2022 to 92.93 days in 2023, indicating that the company is managing its inventory more efficiently by holding inventory for fewer days before it is sold.
- Unfortunately, the data for days of sales outstanding (DSO) and number of days of payables for all three years is not available, making it difficult to assess the company's efficiency in collecting receivables and paying its suppliers in a timely manner.
Overall, the decrease in days of inventory on hand suggests an improvement in inventory management for GE Vernova LLC. It would be beneficial to have more data to provide a comprehensive analysis of the company's overall activity ratios.
Long-term
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | |
|---|---|---|---|
| Fixed asset turnover | — | — | — |
| Total asset turnover | 0.72 | 0.67 | — |
The long-term activity ratios of GE Vernova LLC indicate the efficiency with which the company is utilizing its assets to generate revenue over the past three years. The fixed asset turnover ratio, which measures how efficiently the company is using its fixed assets to generate sales, is not provided for any of the years in the data table.
On the other hand, the total asset turnover ratio, which reflects the company's ability to generate sales from its total assets, shows an improving trend over the three years. The ratio has increased from 0.67 in 2022 to 0.72 in 2023, suggesting that GE Vernova LLC is becoming more efficient in utilizing its total assets to generate revenue.
Overall, the increasing trend in the total asset turnover ratio indicates that GE Vernova LLC is improving its efficiency in utilizing its assets to generate sales over the three-year period. This may be a positive sign of better asset management and operational performance within the company. It is important for the company to continue monitoring and optimizing its asset utilization to sustain and enhance its long-term operational efficiency and profitability.